Brief: Marco Gay to subscribe 1.45 mln euro Digital Magics capital increase

Digital Magics SpA

01/12/2015 07:32

Dec 1 (Reuters) - Digital Magics SpA  DMG.MI : 
    * Said on Monday that it will propose by 60 days from Nov. 
30 a capital increase without option rights for the value of up 
to 1.45 million euros ($1.53 million), to be fully subscribed by 
Marco Gay, owner of 55 pct of vehicle company WebWorking Srl 
    * Up to 500,000 euros of the capital increase to be 
subscribed by WebWorking Srl and to be paid via cash 
    * Up to 650,000 euros of the capital increase to be paid via 
the integration of a WebWorking unit into Digital Magics 
    * Up to 300,000 euros of the capital increase to be paid via 
the disposal in favour of Digital Magics of a 20 percent stake 
in startup AD2014 Srl  
    * After the capital increase, Marco Gay will own about 5 
percent of Digital Magics 
    * Board to propose Marco Gay as member of the board  
 
     
 Source text for Eikon:  ID:nBIA301c5  
     
 Further company coverage:  DMG.MI   
    
 
 
 
($1 = 0.9446 euros) 
 
 (Gdynia Newsroom) 
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